Gevo, Biorecro partner to commercialize carbon removal credits from North Dakota site; shares fall

** Shares of U.S.-based renewable fuels company Gevo GEVO.O falls 1.9% to $2.05 in extended trading

** Company's unit signs agreement with Biorecro North America for the commercialization of carbon dioxide removal credits generated at the Gevo North Dakota facility

** GEVO expects to generate about $26 million in revenues over five years with the option to expand the volumes under the transaction

** Company says biogenic CO₂ is captured and securely stored underground at its North Dakota facility, enabling the generation of carbon removal credits

** CO2 is a product that is often used in industrial applications, including the food and beverage industry or the petroleum production industry through enhanced oil recovery, or EOR

** As of last close, shares are down 0.5% YTD